Category Archives for Industry News

TPM21: Increasing vaccinations will eventually ease US port congestion How quickly the backup of containers and freight in US ports diminishes depends on how quickly the US gets the COVID-19 pandemic under control with more… TPM21: Increasing vaccinations will eventually ease US port congestion Journal of Commerce

Descartes acquires FTZ specialist QuestaWeb Logistics software provider Descartes Systems Group on Monday acquired global trade compliance systems developer QuestaWeb for $36 million,… Descartes acquires FTZ specialist QuestaWeb Journal of Commerce

Liner profitability could help justify cargo visibility investments The need to better track their containers and the infusion of cash from a strong 2020 should, in theory, alleviate some of the concerns… Liner profitability could help justify cargo visibility investments Journal of Commerce

Forwarders largely unable to service rising SOC demand: survey Despite rising demand for shipper-owned containers (SOCs), only 10 percent of major forwarders are currently capable of providing an SOC to… Forwarders largely unable to service rising SOC demand: survey Journal of Commerce

Maersk VC veterans launch supply chain startup fund Maersk veterans involved in building the container line’s venture capital fund Maersk Growth have started an independent fund designed to invest in later stage supply chain startups.The… Maersk VC veterans launch supply chain startup fund Journal of Commerce

Rhenus cements German forwarding footprint with acquisition Rhenus Air and Ocean announced this week it will acquire the forwarding business of BLG Logistics to expand into new markets and consolidate its international ocean freight and air… Rhenus cements German forwarding footprint with acquisition Journal of Commerce

Winter storms deal another blow to US supply chains Much US freight activity skidded to a halt this week, as Winter Storm Uri, one of the largest and broadest winter storms since… Winter storms deal another blow to US supply chains Journal of Commerce

Forager launches cross-border load board Cross-border freight technology startup Forager on Tuesday opened a load board for carriers to access loads moving to and from the United States and Canada and Mexico,… Forager launches cross-border load board Journal of Commerce

US inventory shortfall drives seemingly ‘never-ending’ peak season On store shelves, in warehouses, in trailers and containers, US shippers are coming up short.The sale of goods at many businesses is outstripping available inventory and that will keep pressure on supply chains,… US inventory shortfall drives seemingly ‘never-ending’ peak season Journal of Commerce

Forwarder user interface becoming a differentiator for shippers Forwarders are gradually coming around to the idea that an intuitive, easy-to-use interface is more than just an added perk; it’s an actual deciding factor in winning bids from shippers.Chicago-based forwarder… Forwarder user interface becoming a differentiator for shippers Journal of Commerce